Monthly Archives: June 2013

Top Ten Most Ridiculous Items Purchased with IRS Credit Cards

Posted by & filed under Credit.

This article  was originally published by Americans for Tax Reform. The Treasury Inspector General for Tax Administration (TIGTA) released a review of the IRS employee credit card program this week. Many of the items that were purchased and approved may astound you. Taken directly from the report, Americans for Tax Reform has compiled a list […]

Want to Make Internships More Just? Stop Requiring School Credit

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The Columbia University library. (AP Photo/John Minchillo) The time has come for the unpaid intern to rise up. Or so argued David Dennis several weeks ago in a Guardian column, proclaiming that unpaid internships and a culture of privilege are ruining journalism. Most strikingly, Dennis argued that the proliferation of unpaid internships has done more […]

Why payday loans won’t get cheaper

Posted by & filed under Payday Loans.

Raj Date, the former deputy director of the Consumer Financial Protection Bureau, tells American Bankers Maria Aspan that, in the words of her headline, Banks Can Develop a Better, Cheaper Payday Loan. Well, yes, they can. But they wont. Date gave a speech at a conference in Miami last week where he was very bullish […]

Universities ban payday loans advertisements

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Payday loans lenders have been banned from advertising at three UK universities for exploiting ‘vulnerable’ students, after some were found to have interest rates of more than 4,000%, writes Lucy Sherriff for The Huffington Post UK. The University of Northampton, Northumbria University and Swansea University have all committed to prohibiting adverts from the lenders, calling […]

Ban payday loans

Posted by & filed under Payday Loans.

In 2006, Pennsylvania shuttered payday lenders by establishing a law that capped interest rates at 24 percent. If that rate sounds high, consider this: If not paid off quickly, the rate can escalate to several hundred percent per year. Community Legal Services of Philadelphia notes that the typical $300 payday loan carries a 300 percent […]